New Info Samana Bay Apartments

Available units

Studio

61.8m2 - 61.8m2 : from $59,900 to $91,900

1 Bed

73.6m2 - 73.6m2 : from $95,900 to $109,900

2 Bed

95.1m2 - 95.1m2 : from $123,900 to $141,900

3 Bed

120.1m2 - 120.1m2 : from $165,900 to $190,900

Key Features

• - Fully furnished apartments start from only US$79,000.
• - 70% mortgage finance available.
• - Beach front location.
• - 8% rental return for first two years.
• - Below market value.

We have negotiated for twelve, fully furnished, studio apartments to be priced at only $59,900 This is $20,000 under list price, giving the buyer 25% instant equity.

Full Description

$Billions in vacation/holiday property sales

Despite much of the world being in recession the Dominican Republic Ministry of Tourism estimates that vacation property sales reached US$800 million this year, more than double reported for the five-year period of 2002-2007, when these totaled US$351.2 million, as reported in Hoy. According to estimates by the Ministry of Tourism, by 2012, US$7.1 billion will have been invested by foreigners buying second homes in the Dominican Republic.

• Apartments start from only US$79,000. Fully furnished and with sea views available.
• Pay emerging market property prices for an established tourist hot spot.
• 70% mortgage finance available.
• Beach front location.
• 8% rental return for first two years. 50/50 split with management company after the two years.
• Fully managed by US based management company - established 25 years.
• Villa Del Mar is located a mere 15 minutes from the new El Catey International Airport with daily arrivals from Europe, Canada and the USA.
• Government has put a hold on new building permits in the Samana Bay area. We believe this will result in strong capital growth as this sought after area won't become over supplied with property.
• In July 2007, Special Incentives Law 171-07 for Pensioners and Rentees of a foreign source was passed in the Dominican Republic. Low cost of living makes the Dominican Republic a popular retirement destination for ageing US and European populations.

A favourite golfing destination for former Presidents Bill Clinton and George H. Bush, the Dominican Republic has become one of the hottest spots to tee-off in the Caribbean, if not the world. Here golfers will find 19 courses with oceanfront fairways and swaying coconut palms. They'll also find courses designed by legends such as Pete Dye, P.B. Dye, Jack Nicklaus, Arnold Palmer, Robert Trent Jones, Gary Player, Tom Fazio and Nick Faldo.

The Dominican Republic was also named "Caribbean's Number One Destination" in 2006, a title given by the World Tourism Organization and one that was owned by Puerto Rico for the previous forty years.source from themovechannel.com